Tax, banking, and business support built for the NIL era. One point of contact coordinating experienced professionals for your athletes and your program.
Tax preparation and planning
Tax support is delivered through Withum's sports and entertainment practice — experienced professionals who understand athlete income.
Optional banking relationship
An optional banking arrangement for enrolled athletes. Athletes are never required to change banks to work with nil.financial.
Three services, one point of contact. Delivered by the relevant professionals and institutions — coordinated by nil.financial.
Coordinated tax estimates, set-asides, and year-end filing through Withum's sports and entertainment practice.
An optional Bank of America arrangement with program-specific benefits — or we work with the bank your athletes already use.
Optional entity formation (LLC or S-corp) when professionals recommend it for the athlete's circumstances.
One point of contact for tax, banking, and optional entity services — instead of your staff juggling providers.
We handle the professionals and the process, reducing the administrative load on your department.
We come to your athletes — on-campus onboarding and ongoing support for your program.
Schools can sponsor participating athletes at discounted pricing, discussed in consultation. Athletes and families may also pay directly.
Flexible for your athletes: they keep their existing bank and agent. Bank of America is an optional banking relationship, not a requirement.
A nine-step coordinated process. Partners deliver the professional services; nil.financial keeps it all moving.
Review income, residence, and potentially deductible expenses.
Professionals assess an appropriate structure and coordinate entity formation where needed.
Arrange optional Bank of America banking or work with the athlete's current bank.
Estimate federal and state tax obligations based on available information.
Coordinate tax set-asides and estimated payments with the appropriate providers and athlete authorization.
Coordinate transfers and agent-fee payments with athlete authorization.
Gather income records and allowable expense documentation.
Coordinate preparation and filing of applicable federal and state returns and authorized payment of taxes due.
Year-round tax consultation and service coordination.
Athletes enrolled through the special Bank of America arrangement receive these program-specific benefits, regardless of account balance. Banking with Bank of America is optional — athletes can keep their existing bank.
Tell us about your school and our team will arrange a consultation.